(heh, this subject can be difficult without mentioning the actual game. lol)
*Second Life (TM) is a property of Linden Research Inc, and I am not associated with nor sponsored by them.
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With my helpful personality, I tend to give away great tips to my friends generously. (And usually they take it and run... thats how I keep the good company. :P)
However, this is something I am compelled to share with public, because many seems to be depend upon their *great sales profit in-world* in RL.
(Well, who is bluffing and who is not is besides the point. lol I don't discriminate ppl.)
Educate yourself with basic currency exchange system is the way to go. Many might think that their small transaction does not apply to the RL economic procedure, but that is dead wrong. That, I am sure.
How many of you travel outside your home country and know what is the best way to purchase/use foreign currency?
How many of you have ever checked the currency exchange rates of other country on daily basis?
I bet that there are only few. Or very few occasions. (I do this, just because rates between US$ and the Yen affects my life.)
However, you must have looked at/participated in US$( or maybe Euro) versus in- world currency exchange rates more times than you do in RL currency exchange.
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So, if the fact is established, I shall begin discussing the merit of learning currency exchange.
I know many of you bought in world currency one time or another. The pressing blue button on the browser? Tsk, tsk...
That is the most wasteful way to purchase currency. Not to mention the game makes exorbitant amount of money just by selling their made up monopoly money to you and *gasp* charging you their commission (to print out paper money? oohps we don't even have paper money...)
So unless you are very inclined to pay them a lot of money and get little in return , please do not use the blue button every time. (I have never done it personally. )
For those of you, rather take time to save yourself some hard earned RL money, proceed to learn Lindex and SL Exchange currency exchange policies.
(I do not recommend e-bay n other private currency exchange services. )
The basic scheme of things is this~ You buy more, you save more.
So here is what you can do:
1. Try buying in world currency the least time a year. If you are buying every week, try every four weeks. If you are buying every month, try every quarter. so on .
You must know how much you can spend in game per month or even a year. I find it budget every quarter or so is very convenient even if it is not a exact prediction.
2. learn *limit buy* system. This is basically bidding in the actual market. You name your own price, instead of the rates with huge inflated rates set by the company.
If you are making reasonable bid (carefully read the market condition before you bid. You will see the pocket of rates which had been filled immediately and the rates which the backorder starts. There, you can play by bidding low to get filled fast or bid high and wait for desperate seller. ) the orders should be filled within a day or two.
There are always residents who are anxious to sell their linden currency with discount, because their RL life depend upon it. Therefore, your price might be very attractive to those anxious sellers.
TIPS: I find that SLex has way better rates than Lindex. That is just the fact. If you compare it once you will know the difference is hard to ignore. Downside is that mostly you have to deal with paypal... I really dont like paypal.
It may be looking very cryptic to some. But I am driven not to let the company make more money on me, therefore I never bought with market rate.
You only get about 250L per dollar?
For those of you who has to deal with thousands of RL currency will get a better deal, simply because of the basic law of economics.(And probably they don't need my advise I am sure. If they do, they better off hiring accountant.) But then again, those ppl are paying the commissions every time they deal with exchange= paying a lot of money to Lindex/Slex frequently.
My idea is *NOT TO PAY* more than I need to.
Economics is fun, because its not a mathematics. Your individual situation (micro economics) affects your decision process and there are no right answer.
If you don't have credit card or paypal/bank account, or can only spend 5$ at a time, you have no choice but to use blue button. The company makes money by providing you the convenience.
And god forbid, do not sell your inworld currency buy 10$ at a time... You probably end up paying the company more than you make money at the end.
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